21st Austria weekly - Valneva, A1 Telekom Austria (16/07/2019)

Valneva: Austrian/French biotech company Valneva SE announced that it has drawn down a further Euro 10 mn from  its existing European Investment Bank (EIB) loan facility. The Euro 25 mn loan was granted to the Company by the EIB in July 2016. Including this new tranche, Valneva has now drawn down Euro 20 mn of the Euro 25 mn facility. The company does not intend to draw down the remaining Euro 5 mn of the facility. Valneva plans to use the funds to advance its R&D programs, including its unique Lyme disease and chikungunya vaccine candidates. Valneva CFP David Lawrence commented, “With this further Euro 10 mn drawdown, we are continuing to ensure that we are well funded to advance our valuable clinical development stage assets. We would like, once again, to thank the EIB for its support.” Under the terms of the agreement signed with the EIB, each credit tranche is repayable at the end of a five-year period commencing from the drawdown date.
Valneva: weekly performance: -3.64%

A1 Telekom Austria: A1 Telekom Austria, a company of América Móvil,  presented the trading statement for the second quarter. The Group's revenues increased by 2.6 percent to Euro 1,122.6 mn, reflecting the increase in services revenues in all markets, the company said. In the first half of the year, sales increased by 2.1 percent to Euro 2,212 mn. Wireless service revenues were stable in all markets, driven by continued strong demand for mobile wireless routers, the company said. Fixed-line service revenues were good, with a particularly strong increase in Solutions & Connectivity revenues in Austria and solid performance in Bulgaria, according to the company's trading statement. Net income increased by 20.4 percent to Euro 70 mn in the second quarter. In the same quarter of the previous year, there had been a drop in profits due to write-downs on brand value. In the first half of the year profit growth was 80.2 percent to Euro 155.9 mn. Free cash flow declined from Euro 123.0 mn in the second quarter of 2018 to Euro 34.2 mn in the period under review, mainly due to higher payments for capital expenditures as a result of frequency purchases during the auction in Austria (3.5 GHz; , Euro 3 mn) and Belarus (2.1 GHz, Euro 9.5 mn). The outlook is confirmed: The company expects around 2 percent higher revenues and stable capital expenditures of Euro 770 mn without leases, frequency investments and acquisitions in 2019.
Telekom Austria: weekly performance: -2.24%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (16/07/2019)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #636: Marcel Hirscher läutet wieder die Opening Bell und ich denke dabei an Palfinger und Raiffeisen

Bildnachweis

1. Kauf Valneva für #100100hello #goboersewien

Aktien auf dem Radar:Immofinanz, Addiko Bank, Wienerberger, Flughafen Wien, S Immo, DO&CO, EVN, Erste Group, Semperit, Pierer Mobility, UBM, Cleen Energy, Frequentis, Gurktaler AG Stamm, Mayr-Melnhof, RBI, Warimpex, Zumtobel, SW Umwelttechnik, Oberbank AG Stamm, Agrana, Amag, CA Immo, Kapsch TrafficCom, OMV, Österreichische Post, Strabag, Telekom Austria, Uniqa, VIG, SAP.

Random Partner

---

Verbund
Verbund ist Österreichs führendes Stromunternehmen und einer der größten Stromerzeuger aus Wasserkraft in Europa. Mit Tochterunternehmen und Partnern ist Verbund von der Stromerzeugung über den Transport bis zum internationalen Handel und Vertrieb aktiv. Seit 1988 ist Verbund an der Börse.

>> Besuchen Sie 68 weitere Partner auf boerse-social.com/partner